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CMC Capital Partners and FountainVest Partners Invest in IMAX’s China Subsidiary (Asia)
China-focused private equity firms CMC Capital Partners and FountainVest Partners have agreed to invest US$80 million for a 20 percent equity stake in IMAX China, a subsidiary of U.S.-based entertainment technology company IMAX. CMC and FountainVest’s investment will be made in two equal installments, with the second installment expected to close in early 2015. The investment will support the continued… Read More
Warburg Pincus to Acquire a Majority Stake in Mercator (MENA)
Global private equity firm Warburg Pincus has agreed to acquire a majority stake in Mercator, a United Arab Emirates-based provider of software and technology-enabled outsourcing solutions to the global aviation industry, from air services provider Dnata, which will retain a minority stake. Warburg Pincus’s investment will be used to enhance Mercator’s competitive position and support its global growth. Financial details… Read More
UFG Private Equity and Gazprombank Acquire Segmenta Pharmaceuticals (CEE and CIS)
A consortium led by UFG Private Equity, the buyout and growth capital arm of Russia-based alternative investment group UFG Asset Management, and banking and financial institution Gazprombank have acquired a 100 percent stake in Russia-based drug manufacturer Segmenta Pharmaceuticals. The investor group, which also includes pharmaceuticals industry veteran Andrei Mladentsev, plans to acquire other drug makers in Russia and drive… Read More
AfricInvest Group Reaches Final Close of AfricInvest Financial Sector Fund (Sub-Saharan Africa)
AfricInvest Group, a private equity firm focused on North and Sub-Saharan Africa, has announced the third and final close of its AfricInvest Financial Sector (AFS) fund with EUR61 million (approximately US$83 million) in capital commitments. New investors in the final close included German development bank KfW, Belgian Investment Company for Developing Countries (BIO), credit union cooperative Desjardins Group and the… Read More
BVCF Raises US$200 Million for Third China Life Sciences Fund (Asia)
BVCF, a China-based life sciences-focused private equity firm formerly known as BioVeda China, has held a final close for its third fund, BVCF III, with US$200 million in capital commitments. Investors in the fund include development finance institutions, funds of funds, foundations, family offices and life sciences-focused corporations. BVCF III will invest in early- and growth-stage pharmaceuticals, biotechnology, traditional Chinese… Read More
Vital Capital Fund Announces Investment in Peru-based CTG (Latin America)
Vital Capital Fund, an impact investing fund primarily focused on Sub-Saharan Africa, has announced an investment of up to US$20 million in CTG, a Peru-based provider of technology solutions for wastewater reclamation and treatment. Vital Capital aims to duplicate the water irrigation infrastructure used in Peru and bring it to cities in Africa. Read More
Vital Capital Invests in Uganda-based Tomosis Dairy Farms and Ghana-based Prabon Community Project (Sub-Saharan Africa)
Vital Capital Fund, an impact investing fund primarily focused on Sub-Saharan Africa, has invested up to US$9 million in the Uganda-based Tomosis Dairy Farms project in cooperation with local entrepreneur Odrek Rwabwogo of Tomosi’s Farm, a producer of dairy products. The investment objectives include improving yields for local farmers and modernizing collection processes. Separately, Vital Capital has invested up to… Read More
Estonia-based Peer-to-peer Lender Isepankur Receives EUR1.3 Million from Global Founders Capital (CEE and CIS)
Estonia-based peer-to-peer lending platform Isepankur has raised EUR1.3 million in a funding round led by Global Founders Capital, a Germany-based venture capital firm owned by Fabian Siegel and Oliver and Marc Samwer, the founders of global e-commerce investment company Rocket Internet. Isepankur has also announced it will adopt Bondora as its trade name. Bondora currently has over 80,000 customers in… Read More
Bima Raises US$22 Million from Kinnevik, LeapFrog Investments and Millicom (Global)
Bima, a provider of mobile-delivered insurance in emerging markets, has raised US$22 million from existing shareholders Swedish investment firm Kinnevik, emerging markets financial services investor LeapFrog Investments and international telecommunications and media company Millicom. The follow-on funding will be used to support the company’s expansion into new markets in Africa, Asia and Latin America. Bima currently provides life, accident and… Read More
OQVestir Receives US$30 Million Investment from TMG Capital and Existing Shareholders (Latin America)
OQVestir, a Brazil-based online store specializing in women's luxury fashion, has raised US$30 million in new funding from Brazil-focused private equity firm TMG Capital. TMG Capital’s investment was structured through TMG Private Equity Fund II. Existing investors venture capital firm Kaszek Ventures and hedge and private equity firm Tiger Global Management also participated in the round. OQVestir carries collections from… Read More
H.I.G. Capital Invests in Managed Print Services Company in Brazil (Latin America)
Global private investment firm H.I.G. Capital, through its Brazilian affiliate, has invested in Brazil-based managed print services provider Office Total. The company provides office and printing equipment, technical support and monitoring services to its clients through leasing programs. H.I.G. Capital’s investment will support the company’s organic growth and allow it to participate in larger projects and expand its portfolio of… Read More
Telekom Malaysia Acquires Control of Kendall Court-backed Packet One Networks (Asia)
Integrated telecommunications company Telekom Malaysia has agreed to acquire a 57 percent equity stake in Malaysia-based wireless broadband services provider Packet One Networks (P1) for MYR350 million (approximately US$107 million). The acquisition will facilitate the exit of Southeast Asia-focused mezzanine fund manager Kendall Court, which led a US$51 million syndicated financing of P1 via loan and warrant instruments in August… Read More